It is not Tamny's easiest writing to understand but I wish I could master his ability to cut through all of the incorrect thoughts we all share about what government is and is not, and how little people understand what they are talking about when they talk about the actions of governments against the people that fund them.
To which one assumes conservatives will reply per the editorial that this is a “liquidity panic," and since it is, the federal government must step in. Except that tight liquidity is a market signal like any other; in this case one logically signaling horror on the part of investors that politicians on all levels are in the process of forcing a centrally planned economic reversal on the most dynamic economy in the world. Conservatives claim to revere market signals, market signals are presently telling politicians to stop the economic asphyxiation they’re forcing on the economy, but conservatives want taxpayers to blunt the signal?
https://www.realclearmarkets.com/articles/2020/03/18/dear_conservatives_if_you_bail_out_everyone_you_bail_out_no_one_486845.html?mc_cid=cdc4762403&mc_eid=7eb43cc72c
To which one assumes conservatives will reply per the editorial that this is a “liquidity panic," and since it is, the federal government must step in. Except that tight liquidity is a market signal like any other; in this case one logically signaling horror on the part of investors that politicians on all levels are in the process of forcing a centrally planned economic reversal on the most dynamic economy in the world. Conservatives claim to revere market signals, market signals are presently telling politicians to stop the economic asphyxiation they’re forcing on the economy, but conservatives want taxpayers to blunt the signal?
https://www.realclearmarkets.com/articles/2020/03/18/dear_conservatives_if_you_bail_out_everyone_you_bail_out_no_one_486845.html?mc_cid=cdc4762403&mc_eid=7eb43cc72c
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